Before Monday’s stock market opening, Viaplay has issued a profit warning and changed CEO, from Anders Jensen to Jørgen Madsen Lindemann.
Over the weekend, US President Joe Biden signed the bill that lifts the so-called debt ceiling, after last week’s settlement in Congress. And the oil cartel Opec, together with other major oil countries – such as Vladimir Putin’s Russia – has decided to continue tightening oil production. Among other things, Saudi Arabia has offered to reduce its production by one million barrels per day during the month of July.
The price of oil lifted after the settlement, but the rise has worn off somewhat in early commodity trading on Monday.
At the same time, an unexpectedly strong job figure from the US on Friday contributes to increasing concerns about continued inflation problems in the world’s largest economy.
In the currency market, the Turkish lira is being pushed down to new lows against the dollar since a new Turkish government, with Wall Street veteran Mehmet Simsek as finance minister, was installed by re-elected President Recep Tayyip Erdogan.